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U.S. Energy Development Corporation, a Fort Worth-based exploration and production company, has appointed Howard House as senior vice president and chief strategic officer, alongside the opening of a Houston office.
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Howard House
In his role, House will lead strategic initiatives and identify opportunities to keep the company competitive as the energy landscape continues to evolve, according to a press release. He will also oversee activities tied to the launch and management of the Houston office and serve on USEDC’s investment committee.
“Howard brings exceptional depth of experience and strategic insight to U.S. Energy,” said Jordan Jayson, CEO and Chairman of USEDC. “As we anticipate deploying $1 billion in capital over the next 12 to 18 months, M&A will be a central driver of our growth strategy.
“Howard’s track record in mergers and acquisitions is second to none — he understands Houston, he understands Texas, and he possesses extensive knowledge of the industry. Just as important, he’s built trusted, long-standing relationships across the energy community. That rare combination of deal-making expertise and industry credibility is exactly what we need as we strengthen our footprint in Houston.”
House brings more than 35 years of experience as an energy investment banker, with over $125 billion in transactional experience in the energy sector, according to the company. His background includes approximately $60 billion in completed strategic advisory mandates such as mergers, acquisitions, divestitures, takeover defense, and restructurings.
He has also raised more than $65 billion in public and private capital markets transactions. At USEDC, House will focus on strengthening industry relationships across the energy value chain while sourcing and evaluating new opportunities.
“I am very excited to join U.S. Energy as we establish our presence in Houston,” said House. “I have watched USEDC grow from an Appalachian-focused enterprise into an active driller and acquirer of both operated and non-op interests across numerous basins. I look forward to playing a role in its future growth.”
House previously held senior roles at Greenhill & Co., Raymond James & Associates, and Lehman Brothers, and began his career in energy as a petroleum engineer at Exxon Company USA.
Houston’s position as a global hub for the energy industry will allow the company to expand relationships and enhance deal flow, according to the company.
More information is available at www.usedc.com.